US


Netflix slashes subs forecasts by one million



Shares in streaming and rental service Netflix tumbled yesterday as the US-listed company slashed its domestic subscriber forecasts by a million customers. In July the company rejigged its prices and packaging, effectively raising the price for its top tier service by 60%. 
Company CEO, Reed Hastings, issued a statement yesterday saying that while its financial […]

Three left in for Hulu after DirecTV exit


US pay TV company DirecTV has been knocked out of the bidding for online video service Hulu, according to the Financial Times. It reports that three bidders are now left, Amazon, Yahoo and Dish and that the asking price is expected to come in between US$1.5 billion (€1 billion) and US$2 billion. Its current owners, […]

Initial bids for Hulu due tomorrow

Initial bids for US online TV site Hulu are due tomorrow, with Amazon, DirecTV, Google and Yahoo! widely believed to in the running. Yahoo! has been tipped as a possible front runner by US-based Business Insider. However, estimates of the size of bids varies widely from US$500 million (€350 million) up to US$2 billion, depending […]

Miramax to launch Facebook streaming service

US studio Miramax is to launch a movie streaming service via Facebook in the US, UK and Turkey, with France and Germany to follow in the near future, according to a report by the PaidContent website. The Miramax experience, as the service is called, will offer 20 titles for rent in the US, and 10 […]

Motorola acquisition could boost Google in TV business

Google is to acquire Motorola Mobility for approximately US$12.5 billion (€8.8 billion), representing a 63% premium on the closing price of Motorola Mobility shares on Friday. While Google’s acquisition of the company is being seen by observers primarily as a way for it to strengthen the position of the Android operating platform in the smartphone […]

US authorities extend News Corp investigation

Authorities in the US have reportedly widened the scope of their investigation into the activities of the newspaper division of media giant News Corp. The initial focus was whether journalists at News International hacked into the phones of victims of the 9/11 attacks on the US. The News Corp-owned Wall Street Journal now claims that […]

1 127 128 129